$CVS
Added 2023-08-17 16:03:38 +0000 UTC$CVS taking a serious hit today after Blue Shield of California decides to reduce its independence on $CVS for managing its pharmacy needs.
Blue Shield is under scrutiny that they are causing healthcare costs to rise and this separation from $CVS and a number of other distributors may be a way to mitigate against this......it also may be that Blue Shield want to get ahead of the pack and form an alliance with $AMZN before anyone else as they decide to break into the Drug industry.
We can see that the price for $CVS came all the way down to the 0.78 Fib, which was our original level for Wave 2 but recently we were seeing signs of reversing....it is still too early to say that this has found its bottom now, so the next few sessions are important.
Fundamentally nothing has changed and the charts long term projection remains the same.
